Wealth Enhancement Advisory Services LLC Acquires 2,144 Shares of Entegris, Inc. (NASDAQ:ENTG)

Wealth Enhancement Advisory Services LLC increased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 24.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,788 shares of the semiconductor company’s stock after purchasing an additional 2,144 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Entegris were worth $1,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ENTG. Opal Wealth Advisors LLC bought a new position in shares of Entegris in the second quarter worth approximately $31,000. ORG Partners LLC bought a new position in shares of Entegris during the first quarter valued at about $33,000. Trust Co. of Vermont purchased a new stake in shares of Entegris during the fourth quarter worth about $31,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Entegris during the fourth quarter worth about $66,000. Finally, Manchester Capital Management LLC grew its stake in shares of Entegris by 19.1% in the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 96 shares during the last quarter.

Entegris Trading Up 1.6 %

Shares of Entegris stock opened at $114.59 on Tuesday. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.02. The stock has a market capitalization of $17.28 billion, a PE ratio of 55.09, a P/E/G ratio of 1.27 and a beta of 1.25. The company’s fifty day simple moving average is $127.33 and its 200-day simple moving average is $130.85.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. During the same quarter in the previous year, the company earned $0.66 EPS. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, equities analysts anticipate that Entegris, Inc. will post 3.22 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling

In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of Entegris stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the sale, the senior vice president now directly owns 34,600 shares in the company, valued at approximately $4,316,004. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the transaction, the senior vice president now directly owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,810 shares of company stock worth $9,605,115. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on ENTG shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. BMO Capital Markets decreased their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.80.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).